“The development of full artificial intelligence could spell the end of the human race. It would take off on its own, and re-design itself at an ever increasing rate. Humans, who are limited by slow biological evolution, couldn’t compete, and would be superseded”
-Stephen Hawking, Theoretical physicist
“I definitely fall into the camp of thinking of AI as augmenting human capability and capacity”.
– Satya Nadella, CEO of Microsoft
Table of Contents
Artificial Intelligence Evolution
In the start of the 20th century people were acquainted with artificial intelligent robots, but the real potential of artificial intelligence in various fields was only investigated after the 1950’s.
Alan Turing, a young British polymath was the one who explored the mathematical possibility of artificial intelligence, he advised that if humans use available information as well as reason in order to solve problems and make decisions, why can’t machines think and solve the problems?. This is how AI started evolving.
According to Alice Bonasio, a technology journalist, Artificial Intelligence research is ongoing and enlarging in today’s world. AI research has expanded at a pace of 12.9 percent annually over the last five years. In the area of artificial intelligence development plan India is the 3rd largest country in AI research output, behind China and the USA.
Artificial intelligence is being used in many aspects of life like voice assistants, image recognition for face unlock in mobile phones, and ML-based financial fraud detection. In future AI will acquire its place in self-driving cars, more precise weather forecasting, and earlier health diagnoses etc.
What is Artificial Intelligence in simple words
As per John McCarthy, who is the father of Artificial intelligence, “The science and engineering of making intelligent machines, especially intelligent computer programs” is Artificial Intelligence.
Artificial intelligence definition in simple words is the technology that makes it possible for machines to think like people, copy and replace their activities.
AI is the ability of a machine to perform cognitive functions as humans do, like perceiving, learning, reasoning and solving problems.
Why is Artificial Intelligence important?
Artificial Intelligence grants organizations to make the decisions better, improving core business processes by increasing both the speed and accuracy of strategic decision-making processes.
Artificial Intelligence Characteristics
- Facial Recognition: Artificial Intelligence has made it achievable to recognize individual faces using biometric.
Example: Megvii, Clear Secure, Inc.
- Automate Simple and Repetitive Tasks: AI has the ability to execute the same kind of repetitively without break.
Example: Siri by Apple and Bixby by Samsung
- Chatbots: Chatbots use conversational AI for solving customer problems’ through either audio or textual input. Earlier the bots used to only respond to specific commands.
Examples: Watson Assistant developed by IBM
- Quantum Computing: AI helps to solve complex quantum physics problems with the supercomputers’ accuracy with the help of quantum neural networks.
Examples: Google AI Quantum
- Cloud Computing: AI capabilities work within the business cloud computing environment to make organizations more efficient, strategic, and insight-driven.
Examples: Microsoft Azure
- Deep Learning: Deep learning is a ML technique that instructs or trains computers to perform what comes naturally to humans, to learn by example.
Example: Self Driving quality in cars like Tesla.
- Data Ingestion: With each day passing, the data that we are all producing is growing up exponentially, which is where AI steps in. Instead of feeding the data manually, AI-powered not only just gathers this data but also analyzes it with the help of its previous experiences.
Example: Taking data from various inhouse systems into a business wide reporting
Artificial Intelligence Facts and Statistics
- Forbes reports that 50% of enterprises plan to spend more on AI and machine learning in 2021 and 20% report significant increases to their budgets.
- 91.5% of leading businesses invest in AI on an ongoing basis.
- 43% choose digital voice assistants because they are faster than type search.
- 83% of organizations have increased their AI and machine learning budgets Year Over Year since 2019.
- Jobs are predicted to be in high demand with 97 million specialists needed in the AI industry by 2025.
- Back in 2013, AI had the same intelligence as a 4 year old. By the time 2029, AI will have the same intelligence level as adult humans.
- An article on an earthquake was written in California on the Los Angeles Times website, gathering data from a seismograph.
Application of artificial intelligence in various fields
Here is the list of the top 15 applications of Artificial Intelligence 2022:
- Healthcare: Artificial intelligence in healthcare helps in making clinical decisions, understanding the risks and in increasing the success rates of the treatment options.
Example: Robot-assisted surgery
- Agriculture: Artificial Intelligence in agriculture improves cultivation, detects the crop defect and can analyze where weeds are grown. AI bots help in harvesting crops at a higher volume and faster pace than human laborers.
Example: Soil analysis – Trace Genomics
- Education: Artificial Intelligence in education has helped in increasing productivity among faculties and concentrating more on students than administration work.
Example: Data and Learning Analytics
- Digital Marketing: Artificial Intelligence in digital marketing helps in retaining existing customers, targeting the ads and predictive analysis.
Example: AI-generated content.
- Business: Artificial intelligence in business involves the use of intelligent computer software with human-like capabilities in boosting revenue, improving customer experience, increasing productivity and efficiency.
Example: smart email categorization.
- Automobile: Artificial Intelligence is being constructively executed in the automotive value chain, including manufacturing, design, supply chain, production, post-production, ‘driver assistance’ and ‘driver risk assessment’ systems.
Example: Self driving(Tesla)
- Banking and Finance: Artificial Intelligence in Banking and Finance helps in digital payment advisers and biometric fraud detection mechanisms cause higher quality of services to a wider customer base.
Example: Reducing false positives and human error.
- E-Commerce: Artificial intelligence in eCommerce provides personalized and interactive buying experiences.
Example: Google Maps and Ride-Hailing Applications.
- Robotics: AI robots are designed to perform repetitive tasks with greatest precision and increased speed.
Example: artificial intelligence robots in medicine.
- Gaming: Artificial Intelligence in gaming plays a huge role in video game creation and making it more tailored to players’ preferences.
Example: Watson, a Jeopardy
- Space Exploration: Artificial intelligence in space is used for assisting astronauts on their strenuous space trips and to execute space tasks that would be impossible if only human capabilities were used.
Example: Satellite data processing
- Social Media: Artificial intelligence in social media is used to understand how people use different languages, slangs, abbreviations, and exclamation marks, to learn the context.
Example: Facebook and Instagram.
- Entertainment: Artificial intelligence in entertainment helps in automating duties such as splitting down scripts, preparing short lists, storyboarding, schedule creation, and leading movie resources.
- Defence: Artificial intelligence in defence helps in identification of human forms and target them with missiles. AI-powered devices kills close to the convoys to threaten them with anti-tank weapons.
10 benefits of artificial intelligence
- Research and Data Analysis
- Medical Advances
- Enhanced Customer Experience
- Smart Decision Making
- Automation
- Solving Complex Problems
- Business Continuity
- Managing Repetitive Tasks
- Minimizing Errors
- Increased Business Efficiency
what are advantages and disadvantages of artificial intelligence
Advantages:
- Reduction in Human Error
- Takes risks instead of Humans
- Available 24×7
- Helping in Repetitive Jobs
- Unbiased Decisions
- Faster Decisions
Disadvantages
- Increase in Unemployment
- No Ethics
- High Costs
- No creativity
- No Emotions
What is the future of Artificial Intelligence
According to the statistics, the Artificial Intelligence market is expected to reach $190 billion by 2025.
- Artificial Intelligence in healthcare sector: As we all know India is one of the developing countries and stands 2nd in the world’s population. The healthcare sector is still under developed in India, It is because of the lack of best doctors and not having good infrastructure.
- Artificial Intelligence in agriculture sector: The future of AI in agriculture is said to be fruitful. AI helps in detecting pests to predict what crops will deliver the best returns. Artificial Intelligence resolves one of the biggest challenges feeding 2 billion people by 2050 even as climate change disrupts
- Artificial Intelligence in education sector: By 2027 it is predicted that the AI education market could have a market value of $20 billion. AI in education lowers the burden on teachers across the world, on Other hand there is also fear that AI technology might replace the role of teachers in education.
- Artificial Intelligence in banking and finance: By implementing artificial intelligence in banking and finance 826 million hours would be saved by banks through chatbot Interactions till 2023. Customer Experience would be improvised utilizing virtual assistant Chatbots powered with AI and ML will respond within no time.
- Artificial Intelligence in Military: Robot Military would be implemented in the near future, which is as intelligent as a soldier or commando which would be able to perform tasks. AI-powered strategies would enhance mission effectiveness and will provide the safest way for execution.
Artificial Intelligence projects in India
The government of India has realized the importance of artificial intelligence in India. The Key Artificial intelligence Initiatives of Indian Government
- US-India AI Initiative
- Applied AI Research Centre in Telangana
- Responsible AI for Youth
- MCA 3.0 portal
- AI portal
- National Research Foundation
- Promoting AI in schools
Artificial Intelligence career in India
artificial intelligence jobs in India for freshers salary starts at around Rs. 6 LPA and can stretch up to Rs. 12 LPA, with higher-end salaries usually offered by companies like Amazon, Flipkart, Google, Facebook, etc.
What are the challenges of artificial intelligence
Some challenges in artificial intelligence are listed
- Computing Power
- Data Scarcity
- The Bias Problem
- Data Privacy and Security
- Human-level
- Limited Knowledge
- Trust Deficit
Conclusion
Artificial Intelligence always interests and surprise us with the new ideas, innovations, and products, but the way AI systems are developed and organized need to be better understood due to the major involvement these technologies will have for society as a whole.
How is AI executed needs to be better understood because it will have considerable impact on the general public, and for the predictable future. AI may well be a revolution in human affairs, and become the single most influential human invention in history.
